Vitec Group plc (VTC) Hits New 12-Month High After Insider Buying Activity
Vitec Group plc (LON:VTC)’s share price hit a new 52-week high on Wednesday after an insider bought additional shares in the company. The company traded as high as GBX 1,115 ($14.79) and last traded at GBX 1,105 ($14.66), with a volume of 4,724 shares traded. The stock had previously closed at GBX 1,106 ($14.67).
Specifically, insider Kath Kearney-Croft bought 2,700 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were purchased at an average price of GBX 1,103 ($14.63) per share, for a total transaction of £29,781 ($39,502.59).
Several research firms have issued reports on VTC. Peel Hunt increased their target price on Vitec Group plc from GBX 1,185 ($15.72) to GBX 1,300 ($17.24) and gave the stock a “buy” rating in a research report on Friday, September 29th. Berenberg Bank restated a “buy” rating on shares of Vitec Group plc in a research report on Wednesday, September 6th. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,106.25 ($14.67).
The company’s market cap is GBX 494.39 million. The stock has a 50 day moving average of GBX 996.58 and a 200-day moving average of GBX 953.77.
The firm also recently disclosed a dividend, which will be paid on Friday, October 20th. Stockholders of record on Thursday, September 21st will be given a dividend of GBX 10.40 ($0.14) per share. This represents a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, September 21st.
Vitec Group plc Company Profile
The Vitec Group plc is a United Kingdom-based company, which designs, manufactures and distributes branded products and services that enable end users to capture and share images. The Company’s Photographic Division designs, manufactures and distributes branded photographic and video equipment, such as tripods, bags, filters and lights for professional and consumer photographers.
Receive News & Ratings for Vitec Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vitec Group plc and related companies with Analyst Ratings Network's FREE daily email newsletter.